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Poland c/a swings to deficit in September

Debt

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Poland's current account posted a EUR 1.339 billion deficit in September, switching from a downwardly revised EUR 1.417 bln surplus in the same period of the previous year, reported the country's central bank.

The primary account deficit widened to EUR 2.7 bln from EUR 2.087 bln a year ago and the secondary income gap rose to EUR 277 million from EUR 173 mln. Also, the goods account swung to deficit of EUR 111 million from EUR 1.572 bln surplus as imports jumped 22% while exports rose at a softer 12.2%. Moreover, the services surplus narrowed to EUR 1.749 bln from EUR 2.105 bln. 

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